Helikon Investments Ltd Has $65.50 Million Holdings in IHS Holding Limited $IHS

Helikon Investments Ltd raised its position in IHS Holding Limited (NYSE:IHS) by 81.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,780,288 shares of the business services provider’s stock after acquiring an additional 3,934,727 shares during the quarter. IHS makes up 3.5% of Helikon Investments Ltd’s portfolio, making the stock its 10th biggest holding. Helikon Investments Ltd’s holdings in IHS were worth $65,501,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP lifted its position in IHS by 545.3% during the third quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 3,975 shares in the last quarter. Olympiad Research LP purchased a new stake in IHS in the 3rd quarter worth approximately $74,000. Tower Research Capital LLC TRC bought a new stake in IHS during the 2nd quarter worth approximately $72,000. Merit Financial Group LLC lifted its holdings in IHS by 28.0% during the third quarter. Merit Financial Group LLC now owns 13,030 shares of the business services provider’s stock valued at $89,000 after purchasing an additional 2,848 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in IHS during the third quarter valued at approximately $99,000. Hedge funds and other institutional investors own 17.54% of the company’s stock.

IHS Trading Up 0.2%

Shares of IHS stock opened at $8.24 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.05 and a debt-to-equity ratio of 96.14. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 15.54 and a beta of 0.74. IHS Holding Limited has a 12-month low of $5.10 and a 12-month high of $8.95. The stock’s 50-day moving average price is $8.22 and its 200-day moving average price is $7.70.

IHS (NYSE:IHS) last released its quarterly earnings results on Tuesday, May 12th. The business services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.12). IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%. The firm had revenue of $415.40 million for the quarter, compared to analysts’ expectations of $439.16 million.

Insider Activity at IHS

In other IHS news, CEO Sam Darwish sold 124,275 shares of the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $8.24, for a total transaction of $1,024,026.00. Following the completion of the transaction, the chief executive officer owned 436,015 shares in the company, valued at $3,592,763.60. This trade represents a 22.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mohamad Darwish sold 27,972 shares of IHS stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $8.24, for a total transaction of $230,489.28. Following the completion of the transaction, the executive vice president directly owned 299,400 shares of the company’s stock, valued at $2,467,056. The trade was a 8.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 344,017 shares of company stock valued at $2,826,243. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IHS. Zacks Research cut shares of IHS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. New Street Research cut shares of IHS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 19th. TD Cowen downgraded shares of IHS from a “buy” rating to a “hold” rating and dropped their target price for the stock from $17.00 to $8.50 in a report on Wednesday, February 18th. Williams Trading set a $8.50 price target on IHS in a research note on Wednesday, February 18th. Finally, Weiss Ratings raised shares of IHS from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.61.

IHS Company Profile

IHS Inc develops source of information, insight and analytics in different areas of business. The Company’s segments include Resources, Transportation and Consolidated Markets & Solutions. The Company’s Resources segment includes its Energy and Chemicals product offerings. Its Transportation segment includes its Automotive; Maritime & Trade, and Aerospace, Defense & Security product offerings. Its Consolidated Markets & Solutions segment includes its Product Design; Technology, Media & Telecom, and Economics & Country Risk product offerings.